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YouTube Industry Overview
Since its start, YouTube has reached over 2.7 billion users and released a Premium version of the platform called YouTube Premium (previously called YouTube Red.) It has also added a variety of forms of content creation after the original long-form videos, such as Shorts, Live Streams, and much more.
Over the years, we’ve seen many YouTubers rise to fame and lose it all within minutes. Viewers, brands, and other stakeholders can sue content creators based on financial fraud, defamation claims, unsuccessful paid brand partnerships, false claims, and other legal claims. This unstable environment makes YouTuber insurance a necessity to act as a safety net for their lost income and other costly setbacks.
YouTubers could be sued for defamation if they say something false and harmful about someone in their videos
YouTubers could be sued for copyright infringement if they use copyrighted material in their videos without permission, such as music, sound effects, or excerpts from other works.
YouTubers could be sued for privacy invasion if they disclose someone’s private information in their videos without their permission.
YouTubers often have large followings on social media, which makes them a valuable target for cybercriminals. If a YouTuber’s account is hacked and they are unable to access it, they may lose out on opportunities from sponsorships, brand deals, and other sources of income.
Coverage & Policies
These coverages form the foundation of any risk management program for YouTubers:
General liability insurance protects YouTubers from third-party claims of bodily injury and property damage that may arise out of their YouTube business. For example, if a YouTuber is filming a video in a public place and someone trips over their equipment and is injured, general liability insurance could help cover the cost of the injured person’s medical bills.
Errors and omissions insurance protects YouTubers from claims of negligence, mistakes, and errors related to their work. For example, if a YouTuber gives incorrect financial advice in one of their videos and someone loses money as a result, errors and omissions insurance could help cover the cost of the damages. Or, if a YouTuber makes a factual error in one of their videos that damages someone’s reputation, errors and omissions insurance could help cover the cost of defending the YouTuber in a defamation lawsuit.
These policies are essential for or can be tailored to the needs of YouTubers:
Content creator insurance is a comprehensive insurance policy that covers YouTubers from a variety of risks, including copyright infringement, defamation, privacy invasion, errors and omissions, and cyber liability. Content creator insurance is a good option for YouTubers who want to have all of their insurance needs covered in a comprehensive package.
Property insurance protects YouTubers’ equipment and inventory from damage or loss. For example, if a YouTuber’s camera is stolen or their office is flooded, property insurance could help cover the cost of replacing the damaged or lost items.
YouTube Insurance Costs
Media liability insurance for YouTubers is a newer concept but one that’s been long overdue. YouTubers have had monetized channels for more than a decade, which are vulnerable to reputational and financial risk due to legal claims. Paying a sensible insurance cost for media liability as a YouTuber can help you save plenty on potential legal defense costs.
The cost of media liability insurance is on par with other business insurance types. The total cost is calculated based on the nature of, and coverage level for, the different types of policies you opt for.
Your YouTuber insurance coverages can help with lost profits, damages and legal fees, breached contracts with sponsors or advertisers, copyright infringement claims, and more of such claims. It can also give you support for cyber crimes committed against you, such as data breaches, which are a growing concern for online media and advertising professionals.
YouTuber insurance isn’t one-size-fits-all, so we believe in creating a custom-built insurance package that suits your requirements and budget. By covering areas such as data protection, product related liability, professional liability, and other common liability risks, you receive substantial financial protection.
YouTuber Frequently Asked
The cost of insurance for YouTubers will depend on several things, including the company’s size and development stage. Other factors include:
- Exposures: risks being insured
- Company practices: views on safety, compliance, and risk management
- Program structure: the amount of deductible and willingness for a company to assume more risk
- Claims history: the type and amount of past claims against the company
YouTuber insurance is not legally mandated, but it is highly recommended for creators who are serious about their content and brand. As YouTube continues to be a prominent platform, potential risks such as copyright infringements, content disputes, and equipment damages can arise, making insurance an essential safeguard.
The required amount of YouTuber insurance largely hinges on factors like the nature of content, the cost of your equipment, potential collaborations, and the extent of your reach. While a hobbyist might need minimal coverage, a full-fledged YouTuber with regular uploads and a large subscriber base might require comprehensive protection. Assessing your specific risks and consulting with an insurance expert can guide you to the right coverage amount.
Business liability insurance provides a protective financial shield against claims resulting from injuries, damages, or negligence that occur during business operations. This encompasses scenarios like physical injuries on business premises, property damages, and certain types of personal or advertising injuries. Essentially, it ensures that unforeseen business-related incidents don’t result in crippling financial setbacks.
YouTuber Insurance Quotes
Finding policies as a YouTuber doesn’t have to be painful. We aim to make the purchasing experience as streamlined and intuitive as possible.
Use our custom-built digital platform to get quotes fast. We automate clerical tasks that plague traditional insurance brokerages, giving us more time to be responsive and alert to your company’s needs.
No two organizations are the same. Our team of coverage experts partners with your team to engineer your risk management strategy, together. We take the time to understand the intricacies of your company to get you the best possible coverage.
To do better, you need to know better. With changing political, technological, legal, and economic landscapes, staying ahead of the curve is critical.
Our in-house team is tapped into the latest developments in your industry, proactively ensuring you’re covered.
your Creator Insurance specialist
Jonathan spent the first five years of his professional insurance career working as a generalist broker at a traditional firm on Long Island. Intrigued by how to leverage technology in the industry, he joined the Founder Shield team in 2016 and quickly grew into his current leadership role of General Manager. Jonathan works to oversee client strategy and communication, and has fostered a culture of providing unparalleled service and risk consulting for some of the fastest growing companies in the world.
Why Choose Founder Shield?
Founder Shield is a leading insurance provider that specializes in offering comprehensive coverage for SaaS companies, offering numerous benefits and advantages over traditional insurance providers. Here’s a breakdown of some of the key features and benefits that you’ll enjoy with us:
Founder Shield is focused on protecting rapidly evolving SaaS startups. We ensure that our products are tailored to meet the unique needs of SaaS businesses.
Founder Shield offers bespoke insurance policies that are designed specifically for each client’s needs, ensuring co
With Founder Shield’s streamlined quoting process, you can receive a personalized quote for your SaaS insurance quickly, allowing you to make informed decisions fast.
Founder Shield’s user-friendly digital platform makes it easy to manage your insurance policies, submit claims, and access important documents whenever you need them.
Founder Shield provides exceptional customer service, with dedicated account managers who are always available to assist you with any questions or concerns you may have about your insurance coverage.
As your manufacturing business grows, Founder Shield’s insurance policies can grow with you, ensuring you always have the right level of coverage for your changing needs.
Founder Shield is a preferred choice for SaaS businesses because of our specialization in the industry. We offer flexible and customized insurance policies, a speedy quoting process, and exceptional customer service with dedicated account managers.
Great service – proactive, responsive, go beyond what I have expected from previous providers. The team do a wonderful job
General Counsel • Urbanstems